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for free. it means i don't have to buy anything from a local provider. it means the education i'm getting isn't subject to the local nation. >> rose: and maybe you can educate yourself as a matter of fact you want to. >> i i was 14 before i could study a foreign language. i could choose spanish or french. i came from the richest nation on earth. n, imagine i yore fr years old and have the choice of 100 languages and you don't have to ask your parents' permission, the mayor's permirkz the local religious leader's position, or the president of the country's permission. now you're endeathering and unleashing the power of humanity to an extent we are never seen. >> rose: some of the concliewgs of your book, the destruction of paper. , new kinds of cash, new kinds of transactions. what do you mean by that? >> i can create a key and put it on my phone and then i can use my pne to open a door. but that's the most basic thing that happens. as soon as the key becomes a piece of software, i can flip the key to 20 people. then i can create a key that only works if i'm not in the house. i can create
and that approach toward whatever it is that they really care about locally orlobally. >> rose: joseph stiglitz and chelsea clinton when we continue. funding for charlie rose was provided by the followingal additional funding provided by these funders: and by bloomberg captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: the debate over the widening economic divide there this country has intensified it helped spark the occupy wall street movement one year ago and has also been a key issue the presidential campaign as the economy continues to falter. >> this country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. >> rose: joseph stiglitz is a nobel prize winning economist. in his new book the price of inequality, how today's divided society endangers our future. he argues that a wealthy minority in this country has fed a vicious circle of growing inequality. i'm pleased to have joe stiglitz back at this table. welcome. >> nice to be here. >> rose: where do you think the american economy is today
to withdraw from the world and just focus on our own local problems, i want to stay engaged in that and i work on some buying issues in the uk, unemployment with the youth is important and there is so much disaffection in politics i have launched this political organizing. > how is your brother do. >> he is doing great. >> why aren't you there now? >> because i thin in my position i end up becoming a perpetual commentary where the media wants me commenting on him, and i was determined to go to the -- i have been for 25 years and made my contributions, but on his buying day i want it to be about him, not what i am saying so -- >> explain to me the relationship, the competition, i mean this is unusual. >> it is certainly unusual. he has done well as a politician in his own right, andur parents always encourage us to be engaged in public affairs or at least in taking responsibility, they said that if you can make a difference and you don't it is a waste, and that is a bad thing. >> did you let him know you would be competing? >> no. it is a completely fate aligned the stars in this particular way
no security has been when foreign-- when for enforces have interfered in local affairs. when saddal hussein started fighting against us t started becoming unsafe. we have always provided safety with the help of our neighbors for persian gulf. and we will continue to do so. what are those warships doing there? what advantage do they have? it is only an expense. i'm telling you, you can't-- you can't, you can't defeat iran with warships. if someone thinks that they can defeat iran with war, it is obvious that they know nothing about politics. you can't defeat iran with war. there needs to be cooperation. >> rose: isn't it in your interest to convince everybody that you don't want to have enriched uranium that is larger than a certain percentage, you don't want to do things that suggest that you may have other interests. >> what should we do to satisfy the united states government at the end of the day, they will say change your behaviour. so what is it that we must do to finally convince them so this has no legal meaning. >> rose: last time i had a conversation with you here, a year ago, afte
think in each city will have its local competition but if we talk of corporate and global competitors those companies that havethe, call it t critical mass and the ability to market that, the ritz-carlton company. >> rose: sure, it is first one we think about. >> would certainly be more most formidable but there is a mandarin and the peninsula and the one and only and lot of independent, individuals hotel owners within each city. >> rose: do you still prefer big cities to resorts? >> no. we are going into a new country, we will want to establish first in the city before we will extend into a resor. >> us to g a foothold, but, no, they are both viable, they are both part of the company's needs. we must have product of both in most major cities and most countries. >> rose: when you decided to give up the ceo job -- >> well, i -- you know, from day one i have always been in control of my destiny and. >> rose: i prefer that too. >> yes. and that's a privilege. but, you know, it is inevitable and i knew m major responsibility -- well look the company has been my life and it is something i
was a noncommittal. i'll commit. >> i think it is tough for these sites, i have a couple friends that have local businesses in san francisco. and one of them has a tea shop and has gone on groupon several times, has done these great deals. he gets a lot of people that come in but oftentimes they come in just forth deal, they never return, they never tip the wait staff and it's just a bad experience. >> rose: it's one time. >> it's one time and somehow they have to figure out a way around that. >> rose: the idea was you will use that to get them to come back and they will become regular customers. >> it just doesn't happen often times. >> rose: people who use those are not looking to become regular. >> i guess it depends on the type of demographic. i have heard certain guilt type deal sites that have a slightly higher demographic that are better for these types of deals. so everyone-- they. >> take zenga as an example. >> rose: exactly. >> do what you have is sort of like a new version of a movie studio. a hits-based business. unless they can keep the hits coming and they did for a long time. and
of action, a local council election that was subverted by teenagers which was a device to expose certain secrets, yes, that was the basic idea, and i was excited by that idea, because it was going to give me an opportunity to explore a lot of things that are important to me, and things that obsess me frankly. >> rose: like? >> for example, i just talked about the fact that i was in a very precarious situation for a few year i was probably as poor as you can go without being homeless in the uk which is not to say friend and family didn't help me because they did, but, you know, it was tough, and. >> rose: and you were writing a book and had to depend on the government? >> well, yes, i did, although i was working part-time, the law at that time was you could earn up to a very small amount per week without forfeiting housing benefit which was the thing that was keeping us homed so i worked up to atmou, ihad clerical job in a church at one point, so i -- and then i was teaching, but we were still existing partly on benefits, i couldn't wholly support us and then the miracle happened. harry b
businesses, corporate america, our economy, our federal budgets and local budgets could not afford, could not sustain the cost of healthcare, and the riing cost of healthcare. and that -- this bill over 20 years which is what we have to report to the cbo, saves $1 trillion. that doesn't count the savings from electronic medical record or any of that, so anyway we are on a path of that, within that bill there were savings of 700, approximately $700 billion contrary to the mitt-mythology that was used for obama care, it was not, it was used to extnd the life of medicare now it is the goal of some of these people to say we don't want to extend the life, i don't agree with that. >> rose: let me talk -- >> if it is to make it sustainable at a lower cost, then we have something to talk about. we are lowering the cost and in the bill, there the provisions that bend the curve that lower the costs so that we did that in the bill and what did the other side say is you took money and spend spent it on obama care, that is not true but they took the money and spent it on tax cuts for the wealy, so the
Search Results 0 to 49 of about 84 (some duplicates have been removed)